Recording artiste, Shatta Wale has defended Nana Appiah Mensah and Menzgold following a back and forth with Bank of Ghana.
On Tuesday, August 7, the regulatory body restated its position on the business operations of Menzgold, cautioning the general public that the company’s not licensed to take deposits and or issue dividends.
A video posted online finds Wale rallying people to support Mensah and his efforts to contribute to Ghana’s development.
A release by the company stated that it finds it “unfortunate and disparaging that the Bank of Ghana, with whom we have had a number of engagements over the years and taken them through our business procedures would still issue such a statement. Unfortunate and insensitive as the statement may be, we are resolved and even keener to continue to deliver the best of service to our customers in Ghana and beyond.
Management assures the general public that doing business with Menzgold is safe. The Company is growing in strength and expanding with offices recently opened in United Kingdom, Spain and soon in Nigeria. Our doors as always are open to the Bank of Ghana and any other organization that would want to seek clarity on our business.
“That said, it is imperative that Government and other State Intuitions support indigenous business initiatives to thrive in this economy while putting in the correct supervisory mechanisms to ensure that they operate within the remits of the law.We pray that authorities will show more interest in building, nurturing and supporting business growth in an enabling atmosphere as anything to the contrary could be detrimental to the economy of the Nation.”
Watch Shatta Wale below.